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An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
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Question 330 - IIA-CIA-Part1 discussion

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Anew internal auditor suspects fraud is taking place. Which action should the new auditor take?

A.
Collect relevant audit evidence and begin working with management of the area to investigate the fraud.
Answers
A.
Collect relevant audit evidence and begin working with management of the area to investigate the fraud.
B.
Inform the chief audit executive and meet with the suspect to determine whether the person committed fraud.
Answers
B.
Inform the chief audit executive and meet with the suspect to determine whether the person committed fraud.
C.
Document supporting information and recommend an investigation to the appropriate audit management.
Answers
C.
Document supporting information and recommend an investigation to the appropriate audit management.
D.
Evaluate existing controls and implement new procedures to mitigate the opportunity for fraud.
Answers
D.
Evaluate existing controls and implement new procedures to mitigate the opportunity for fraud.
Suggested answer: C
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asked 18/09/2024
Arkadius Thoma
46 questions
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